Lithium Americas Corp. (TSE:LAC) Receives C$8.25 Average Price Target from Brokerages

Shares of Lithium Americas Corp. (TSE:LAC) have earned a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$8.25.

Several research firms have issued reports on LAC. The Goldman Sachs Group upgraded shares of Lithium Americas to a “hold” rating in a research note on Wednesday, July 1st. Wedbush upgraded shares of Lithium Americas to a “hold” rating in a research report on Monday, April 20th. Scotia upped their price target on shares of Lithium Americas from C$8.50 to C$11.00 and gave the stock a “sector outperform” rating in a report on Friday, May 15th. Finally, National Bank Financial lowered their price objective on Lithium Americas from C$7.50 to C$7.25 and set a “sector perform” rating on the stock in a research report on Friday, May 15th.

Lithium Americas Price Performance

Shares of TSE:LAC opened at C$3.90 on Wednesday. The company has a 50 day moving average of C$5.69 and a 200 day moving average of C$6.34. The stock has a market cap of C$1.37 billion, a P/E ratio of -8.67 and a beta of 1.26. Lithium Americas has a 12 month low of C$3.41 and a 12 month high of C$14.75. The company has a current ratio of 7.36, a quick ratio of 52.06 and a debt-to-equity ratio of 65.10.

About Lithium Americas

Lithium Americas is developing three lithium production assets, two brine resources located in northwestern Argentina and a clay resource in Nevada, U.S. While the company has no current lithium production, we expect the first Argentina resource, Cauchari-Olaroz, to enter production in late 2022. We expect the Nevada project, Thacker Pass, to enter production in the middle of the 2020s and the second brine resource, Pastos Grandes, to enter production in the late-2020s. Lithium Americas plans for all three resources to be fully integrated, selling into the lithium chemical market.